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5. Shrowns all the shares of Tar. Her basis in the Tar stock in $5, and her holding period is 3 years. Tar owns one

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5. Shrowns all the shares of Tar. Her basis in the Tar stock in $5, and her holding period is 3 years. Tar owns one asset, land with a fair market value of $100 in which Tar's basis is $20. Corp Acq wants to acquire Tar. Tar merges into Acq. And Acq transfers $90 of Acq voting stock and $10 in cash to Shr. a. How much gain or loss does Acq. Recognize on the transfer of its assets? b. How much gain or loss does Tar recognize when merges into Acq? C. How much gain or loss does She recognize on receipt of the Acq_stock and cash? d. What is Shr's adjusted basis in the Acq stock received? e. What is Acq's adjusted basis and holding period in the land? f. What if anything happens to Tar's earnings and profits? g. If instead of the prior facts, Acq transfers to Shr Acq voting stock worth $38 and $62 in cash does Shr recognize gain or loss when Tar merges into Acq? If yes, briefly explain why

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